It services provider, Datacom, has revealed profit before tax for this financial year was at $NZ35.3 million, down from $NZ64.7 million in the previous year.
Revenue increased 6.3 per cent to $NZ937 million compared to the previous year’s $NZ881 million.
According to analyst firm IDC, Datacom New Zealand is now the largest IT services provider in the New Zealand market.
The company explained that its 2013-14 period profit was boosted by a $25 million divestment of its Asia contact centre business in April 2013.
During 2014-15, Datacom invested $11.3 million into business enhancement programs, new products and services, predominantly within its intellectual property and vertical markets specialisation.
“The executive team is delivering on a progressive and sustainable business strategy and we are pleased with the solid overall performance and strong revenue growth, which maintains the 10 year compound annual growth rate for revenue at 11.2 per cent,” Datacom Group Chairman, Craig Boyce, said.
The New Zealand business saw a 9.2 per cent increase in its revenue year-on-year after securing projects with New Zealand Ministry of Business, Innovation and Employment as well as Fonterra.
Its Australian Systems business increased revenues six per cent due to multiple new contracts signings in particular to supply ICT systems and support services to the Australian government Department of Health.
During the year, Datacom was also recognised as the first Australasian partner to pass Amazon Web Services’ managed services partner audit, broadening its stable of AWS solutions across Australia, New Zealand, Malaysia and the Philippines.
This comes alongside its achievement of delivering the largest global production SAP migration to the Microsoft Azure Cloud platform for New Zealand headquartered Zespri.
The IT services provider highlighted areas of investment within IT service models; hybrid environments of public and private Cloud and on-premises systems; cyber security, risk and data management practices.
A significant portion of Datacom’s investment has been concentrated in Datacom Solutions, which is focused on providing IT products and services to the payroll, local government, education and healthcare sectors in A/NZ. It made an equity investment in Canberra-based health informatics company, SmartWard, signing an exclusive licence to sell, install and support the solution across Australasia.
Other areas include an investment in new product development and establishing an operation in Australia to sell its DataPay suite of payroll products.
Datacom also expanded its software and integration practice in Victoria and is signing on new customers from the insurance, state emergency services, logistics and infrastructure sectors.
The company is also focused on establishing a support team across A/NZ as it targets local government business and wins local council projects.
During the year staff numbers increased nine per cent to 4095, with 2655 in New Zealand, 1302 in Australia and 138 in Asia.